Tag Archives: New Orleans Building Corp.

The development group planning to turn the vacant World Trade Center building into a Four Seasons hotel and upscale residences is confident that a lawsuit against the city filed by a losing bidder on the project won’t derail its plans.

The proposal to convert the former World Trade Center building at the foot of Canal Street into a $364 million Four Seasons hotel with a residential component was selected as the top choice for future use of the vacant office tower.

House Bill 516 envisions a new use for the World Trade Center site, home to a vacant, 33-story tower, among other riverfront upgrades. The proposal originally authorized public financing for demolition of the WTC building only, but the latest version allows financing for a variety of uses, depending on final plans for the tower.

Members of the New Orleans City Council sit on boards that are part of a consortium that has offered a proposal to tear down the World Trade Center and expand the Morial Convention Center. This means, intentionally or not, stewards of public property are competing against private interests for rights to the WTC redevelopment.

Deputy Mayor Cedric Grant said today that lack of bank financing is the reason it took the city and World Trade Center of New Orleans 14 months to close a lease buyout deal. The $2.3 million agreement to terminate the ...

The city’s buyout of the World Trade Center of New Orleans’ lease on its namesake building at the foot of Canal Street covers less than half the city’s debt to the organization and forgives the remainder. Constance Willems, the WTC’s ...

For the better part of a decade attorney Christopher Kane has had the time to sit back on his ferry commute from Algiers and ponder the hulking and largely empty World Trade Center sitting at the edge of the Mississippi ...

Dominik Knoll, 27, took over as CEO of the World Trade Center of New Orleans on July 1. It’s the latest addition to a resume that already boasts extraordinary accomplishments for someone Knoll’s age. Knoll and Greg Beuerman, the WTC’s ...

The story of the former Six Flags site in eastern New Orleans continues to evolve, and as it does it bears similarities to another project that also has struggled to get off the ground in the city: the redevelopment of ...